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John Dossey, Inc. manufactures 3 products: footballs, helmets, and sets of pads. The company has estimated its overhead in the assembling department to be $900,000. The company produces 200,000 footballs, 400,000 helmet, and 400,000 sets of pads each year. Each football uses 2 parts, each helmet uses 3 parts, and each set of pads uses 5 parts. How much of the assembly overhead should be allocated to helmets?
Suppose that, in 2007, Indiana incurred costs of $63.75 million and estimated an additional $42.75 million in costs to complete the project. Using the percentage-of-completion method, Indiana:
If he sells the pubs abd then leases them back would you expect Lion Nathan to change how it accounts for the depreciation of he building?
for the current year creative designs inc. a c corporation reports taxable income of 300000 before paying salary to ben
The head of the corporate tax division of a major public relations firm has proposed investing $295,000 in personal computers for the staff. The useful life and recovery period for the computers are both 5 years.
during 2006 sky entertainment sold twenty 12-month subscriptions for its newly developed internet service. 60 of these
lavender company has decided to use a predetermined rate to assign factory overhead to production. the following
Record the purchase of the drill press and the depreciation expense for the first year under the straight-line and double-declining-balance methods in a financial statement - Compute the depreciation for each of the five years, assuming that the c..
baldwin corp. began the year with cash of 35000 and a computer that cost 20000. during the year baldwin earned sales
at an activity level of 8700 machine-hours in a month nooner corporations total variable production engineering cost is
On October 5, 500 shares of the Birch Company stock were sold for $35 per share less a $50 brokerage fee. Prepare the journal entries for the original purchase, dividend, and sale.
in a bank reconcilation there might be items which have been recorded by the company that have not yet been recorded by
In 2009, Slimon Corporation began selling a new line of products that carries a two-year warranty against defects. Based upon past experience with other products, the estimated warranty costs related to dollar sales are as follows:
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